After graduation, you receive a job offer that includes an excellent salary, health benefits, paid vacation, and a company sponsored retirement saving plan. Your company will match 100% of your contributions, up to 6% of your salary. You decide to enroll in the retirement savings plan and contribute 15% of your salary. This is an example of which stage of creating a financial plan?

Question

After graduation, you receive a job offer that includes an excellent salary, health benefits, paid vacation, and a company sponsored retirement saving plan. Your company will match 100% of your contributions, up to 6% of your salary. You decide to enroll in the retirement savings plan and contribute 15% of your salary. This is an example of which stage of creating a financial plan? ​

Quizplus · Accepted Answer

This scenario falls under the stage of implementing, monitoring, and revising your financial plan, as the individual is enrolling in a retirement savings plan and contributing a certain percentage of their salary, while also taking advantage of their company's matching program. This is a step towards achieving their financial goals and requires monitoring and potential revising as their circumstances may change.

After Graduation, You Receive a Job Offer That Includes an Excellent